New Era Realty Solutions
Listed by New Era Realty Solutions
$1,020,000
Wayne Retail Center
Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 5,200
Units 3
Cap Rate 7.47%
NOI $76,154
Occupancy 100%
Tenancy Multi
Brand/Tenant Hungry Howie's, Coney Island
Lease Type NNN
Broker Co-Op Yes
Class C
Year Built 1975
Lot Size (SqFt) 23,522
Parking Spaces spaces
Investment Type Net Lease
Ground Lease No
10-15 year leases
Marketing description
100% occupied 3 unit retail center.
All 3 tenants have renewed their lease multiple times.
Parking Lot Resealed 2025
Below market rents if new owner has plans of increasing rents.
Established Retail Hub: Surrounded by national retailers including Kroger, CVS, Dollar General, and McDonald’s.
Prime Retail Corridor: Positioned along S Wayne Rd, one of Wayne’s busiest commercial streets, with 20,000+ vehicles per day ensuring high visibility and traffic.
Over 150,000 residents within a 5-mile radius provide a built-in customer base for tenants.
Investment highlights
See offering memorandum
Listing Contacts
New Era Realty Solutions
Listed by New Era Realty Solutions
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$76,154.00
$6,346.17/mo
Valuation Metrics
0
DSCR
7.47%
Cap Rate
7.47%
ROI
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